I'm not so sure about that. There are two high end lenses that are supposed to be coming out (25 f1.4 and 12-50 f2.5-3.3). If these lenses come I predict it at least one will be a kit lens to a high end camera. I don't think eliminating the GF1 for the G2 is Panny's ultimate plan. There is a gap that I think is going to be filled by a camera sold with a fast lens. I have no knowledge of any of this but it is a gut feeling.
Agree, and I think we'll see some very high-end, hybrid photo/video cameras coming from Panasonic (and sooner or later from Olympus) within the next couple of years. If they do their homework, they will take parts of the market with storm. Canon and Nikon probably see this coming, but it's a question if they have the technology or even the ability to turn things around fast enough. Panasonic is an electronics firm by nature, while the traditional manufacturers are solidly weighted down by mirrors and legacy lenses. Nothing wrong with DSLRs, but if an EVIL camera is smaller, cheaper, more practical in a work situation and delivers the needed image or video quality, many professional users will jump onto this bandwagon sooner rather than later.
m43 is the first integrated photo/video system that can take anything from the cheapest kit-lens to extremely expensive PL-mount cine lenses, with most lenses ever manufactured filling up in between. Although some of the highest end cameras, like the AF100, will be dedicated video or photo cameras, the advantages and opportunities by having one, integrated system are great both from a financial and creative point of view. I'm sure Panasonic will be using this for all that it's worth.
Only a couple of years ago, I, and probably many of you, believed that EVFs and professional hybrid cameras were distant future options. Even for months after I bought the GH1, I was skeptical. Now, my Nikon gear hasn't been out of the dry cabinet for weeks.